Blog

The Importance of Shareholders Agreements

Posted by XO Accounting on Apr 6, 2020 9:45:00 AM

When anyone is buying into an existing company, or setting up a new company with colleagues, friends or even family, it is essential to document how the relationship is going to work and set ground rules for what happens in the unfortunate event of a dispute.

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Topics: startup, management, negotiation, planning, business owner, Shareholder, company

Director Penalty Notice

Posted by XO Accounting on Mar 23, 2020 9:26:00 AM

The Australian Government recently introduced new legislation in a bid to maintain its budget surplus.  It has extended its Director Penalty Notices (DPN) issued by the Australian Taxation Office (ATO) to also include unpaid taxes included in your BAS Returns such as Goods and Services Tax (GST), Luxury Car Tax (LCT) and Wine Equalisation Tax (WET).  These taxes join PAYG Withholding and Superannuation which are currently subject to DPN’s.

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Topics: financial, GST, taxation, penalties, tax, management, financial planner, ATO

Why Your Business Might Not Look Like a Winning Bet to Investors

Posted by XO Accounting on Mar 9, 2020 9:30:00 AM

Have you had a potential investor turn away from your business for seemingly no reason? Investors don’t usually turn away from good opportunities so was there something that made your company or business plan unappealing?

Here are six reason businesses makes themselves unattractive to investors.

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Topics: success, investor, profit, management, entrepreneur, business owner

10 Daily Habits of the Rich and Powerful

Posted by XO Accounting on Feb 10, 2020 9:30:00 AM

It's the little things that make up the big things. Here’s a list of ten traits of some of the movers and shakers in the world today (and from the past).

 

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Topics: management, business owner, habit

Want to chat about business plans for the new year?

Posted by XO Accounting on Jan 10, 2020 8:16:00 AM

 

Business Planning for 2020

It’s hard to believe but the new year has come!

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Topics: small business, management, planning

How to set an hourly rate for casual workers

Posted by XO Accounting on Nov 25, 2019 9:30:00 AM

For many small business owners, hiring workers on a flexible basis is ideal – especially if paying regular salaries isn’t in the budget and/or the workload is variable.

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Topics: Employment, management

Is technology making you less efficient?

Posted by XO Accounting on Sep 30, 2019 8:56:00 AM

If you feel overwhelmed by the sheer volume of technological gadgets out there, never mind apps and other digital “solutions”, you’re not alone. Technology sprawl and the rabbit hole of more and more information, available all the time, is making productivity—and healthy downtime—a real challenge for many of us.

Although we may be quicker at completing redundant tasks, more time is wasted managing all our different apps and technologies—and more of us live in a near constant state of distraction.

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Topics: Technology, management, efficiency

Whistle While You Work

Posted by XO Accounting on Sep 23, 2019 8:57:00 AM

It is fairly agreed upon that having fun in the workplace is something that should be encouraged. Not only does it increases satisfaction and result in a turnover decrease, but your employees want to come to work. Therefore, creating a happy and productive work environment for both you and your employees.

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Topics: Employment, management

Combat interest rate rises in three easy ways

Posted by XO Accounting on Sep 2, 2019 11:08:00 AM

Rising interest on debt can be a curse when running a small business. However, there are some quick and easy policies you can start using to combat interest rate rises.

Individually, small steps can add some value to a business, but when combined they can make significant differences. Think of your business like a car in development. Improved aerodynamics, fuel injection and weight loss might separately increase fuel economy, but used together they could make the car a market-leader.

Here are three easy tips you can implement in your business to combat the effect that rising interest might have on your bottom line.

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Topics: financial, management, interest

4 ways to make your business easier to sell

Posted by XO Accounting on Aug 12, 2019 9:09:00 AM

Perhaps you’d always planned to build a thriving business to eventually sell for a tidy sum – or maybe for unexpected personal reasons it’s best to let your company go sooner rather than later.

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Topics: sell your business, management, planning

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